Common use of Annual Leave Buyback Clause in Contracts

Annual Leave Buyback. The Board will buy unused Annual Leave Allotment days at the end of each school year at $75 per day for teachers with an Unused Annual Leave Accumulation of ninety (90) days or more. A letter will be sent to members outlining the number of days being bought back. The money shall be deposited into the teacher’s Health Savings Account (HSA) through the South Central Indiana School Trust by July 15th of each year. If the teacher does not participate in a HSA through the South Central Indiana School Trust, the funds will be deposited in the teacher’s 501(c) VEBA plan by July 15th of each year.

Annual Leave Buyback. The Board will buy unused Annual Leave Allotment days at the end of each school year at $75 per day for teachers with an Unused Annual Leave Accumulation of ninety (90) days or more. A letter will be sent to members outlining the number of days being bought back. The money shall be deposited into the teacher’s teacher s ¶ Health Savings Account (HSA) through the South Central Indiana School Trust by July 15th June 30th of each year. If the teacher does not participate in a HSA through the South Central Indiana School Trust, the funds will be deposited in the teacher’s 501(c) VEBA plan L Q rWetiremKentHplan by July 15th of each year.WJuneH30thDof eFachKyearH. U ¶ V

Annual Leave Buyback. The Board will buy unused Annual Leave Allotment days at the end of each school year at $75 per day for teachers with an Unused Annual Leave Accumulation of ninety (90) days or more. A letter will be sent to members outlining the number of days being bought back. The money shall be deposited into the teacher’s Health Savings Account (HSA) through the South Central Indiana School Trust by July 15th of each year. If the teacher does not participate in a HSA through the South Central Indiana School Trust, the funds will be deposited in the teacher’s 501(c) VEBA retirement plan by July 15th of each year.